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Which of the Following Is Not One of the Seven

question 33

Multiple Choice

Which of the following is not one of the seven wastes?


Definitions:

Accounts Payable

Liabilities of a business that represent money owed to suppliers for purchases made on credit.

Merchandise Inventory

Goods or stock held by a business for the purpose of resale to customers.

Purchase Discounts

Reductions in price given by suppliers for early payment or bulk purchasing.

Controlling Account

A general ledger account that summarizes the total balances of several subsidiary accounts.

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